Quote:
Originally posted by cafeaulait
Facts: (Not just my opinions or hearsay)
- VISA is separated into several very seperate world regions.
- VISA USA has opted-in to the new regulations listed above.
- Several of the VISA regions have NOT opted in to these new regulations so they do NOT have to comply to the regulations above.
- If your 3rd party payment processor is based in the USA and continues to use VISA USA for its transaction processing you WILL have to comply with the regulations listed above.
- If your payment processor moves (or is already) offshore, you will NOT have to comply with ANY of the regulations listed above and things remain as they were.
- SOLUTION - SWITCH to an non-VISA USA based processor TODAY.
- Only one of the big five processors has made this change and they where NOT involved in today's JOINT statement.
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I am about to get on a plane, so I hate to get in on this, but....
Total Bullshit. These are Visa INTERNATIONAL Regs, passed by Visa - Worldwide - ALL Regions voted and passed. USA, Canada, Latin America, CEMEA, Asia/Pacific and EU - ALL of them. End of story.
Anybody that wants to "make a run for the border" better be talking about Taco Bell. You can run but you can't hide from Visa.
Cafeaulait: Don't sit out there and misinform webmasters to feather your own nest. We - CCBill, iBill and Paycom / EPOCH have taken these issues head on and although we know it costs us money, we demonstrate we are in for the long term.
So "switch" if you will, but from what I hear, you may not be welcome when you HAVE to return.
Chris
CEO EPOCH / Paycom